Locked content PKO BP with PLN 1 bln bond issue program

WSE-listed lender PKO BP plans to issue 10-year subordinated bonds with a value of up to PLN 1 billion, the bank said in a market filing. The papers will have a call option to be redeemed after five years. Funds obtained from the issue will be allocated to the Tier 2 supplementary capital pending KN...

Locked content PKO BP remains the highest-valued WSE-listed company

The market value of PKO BP amounted to PLN 55 billion, which means that it is the most valuable company listed on the WSE, PKO BP said in a press release. “In the last 12 months, PKO BP benefited from the very good condition of the Polish economy. By systematically improving the structure of ourR...

Locked content PKO BP dismisses CFO

WSE-listed lender PKO BP dismissed its long-time CFO Bartosz Drabikowski effective immediately. No reason was given, Drabikowski had been the bank’s CFO, and deputy CEO since May 2008. Rafał Kozłowski was appointed in his place, he was the CEO of the lender’s mortgage unit PKO BH….

Locked content PKO BP profit could exceed PLN 3 bln – CEO

WSE-listed, state-owned lender PKO BP might exceed PLN 3 billion in profit this year, according to its CEO Zbigniew Jagiełło. “Looking at the current situation, it seems that investors’ expectations should be met by PKO BP, and I do maintain that PKO BP may exceed the PLN 3 billion net profit ...

Locked content PKO BP denies merger plans with Pekao

WSE-listed, state-owned lender PKO BP denied media reports that it will merge with another state-owned, WSE-listed Pekao. “It is not true that PKO BP has participated in talks regarding the possibility of merging PKO BP with Pekao. PKO BP is not working on any projects regarding the suggested merger...

Locked content PKO BP to withdraw from Marguerite fund

WSE-listed bank PKO BP plans to withdraw from the Marguerite fund.  “Eight years since the creation of Marguerite I, means from the fund are fully used and new projects will be realized under a new fund Marguerite II. PKO BP, after realizing the assumed strategic goals, plans to withdraw from Margue...

Locked content PKO BP Q3 net profit grows

WSE-listed, state-controlled lender PKO BP had a PLN 902 million consolidated net profit a 17.3 percent y/y growth. Net interest income amounted to PLN 2.19 billion vs. PLN 1.97 billion a year earlier. Net fee and commission income amounted to PLN 766 million compared to PLN 686 million last year. A...

Locked content PKO BP submits failed bid to buy Baltics Luminor – Reuters

WSE-listed, state-owned lender PKO BP made an offer to buy Luminor, a Baltic peer, and is interests in buying other banks in the region, according to Reuters. The offer was rejected, Polish bank denied submitting any offers. “PKO Bank Polski has never submitted an offer to buy Luminor, neither has i...

Locked content KNF approves Pekao and BOŚ CEOs

Financial Supervision Authority KNF cleared Michał Krupiński candidacy for the Pekao SA CEO and Bogusław Białowąs as the head of BOŚ. Krupiński was appointed deputy CEO back in June, pending KNF approval to become the lender’s president. He replaces Luigi Lovaglio, who was dismissed after Pekao SA w...